Two Giant Credit ETFs Hit by $2 Billion Exit on Hawkish Fed Bets

(Bloomberg) -- A pair of exchange-traded funds tracking corporate credit saw a nearly $2 billion flight after data underscoring jobs strength solidified bets the Federal Reserve will resume its interest-rate hikes.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetChine

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